(AP Photo/LM Otero, File)

Luminant buys NextEra power plants in Texas for $1.59 billion

Luminant, the power generation subsidiary of Energy Future Holdings Corp. in Dallas, is purchasing two, large natural gas-fired power plants in northeastern Texas.
Inside the Honeywell's control center demo site, Experion Orion Console, Tuesday, Nov. 24, 2015, in Houston. Visitors can see the future of technologies at refineries, petrochemical plants and large industrial facilities. (Steve Gonzales/Houston Chronicle)

Refineries due for an upgrade, with touch screens and HD monitors among the offerings

The problem is convincing companies to make changes when upgrades cost money and give employees unfamiliar equipment.
The Headquarters of the ENI energy company are seen in Rome, Italy, Wednesday, December 14, 2005. Gazprom would consider buying a stake in the electricity unit of Eni SpA, Europe's fourth-biggest power company, as a way to enter the Italian electricity production market, Il Sole/24 Ore reported, citing an interview with Gazprom Deputy Chief Executive Alexander Medvedev. Photographer: Chris Warde-Jones/Bloomberg News

Report: Eni’s massive Zohr find could catalyze Eastern Mediterranean development

Noble has dismissed critics who claimed that the Eni find would thwart its efforts to market Israeli gas to the region.
(Brendon Thorne/Bloomberg)

Texas wind and solar power could compete with fossil fuels in just a few years

While Texas currently has very little solar power generation, there are several projects currently in development.
LyondellBasell CEO Bob Patel left, and plant manager Todd Monette right, walk through the Olefins Plant of LyondellBasell Chemical Company during a tour Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

LyondellBasell moves forward with new chemical plant in Channelview

The move shows the Gulf Coast’s petrochemical boom is continuing as companies look to take advantage of cheap natural gas that is used as feedstock for manufacturing chemicals and plastics.

Low Oil Prices: An Environmental Dilemma

One of the reasons President Obama felt free to reject Keystone XL is today’s low oil prices, which are likely to continue for some time because demand is weak and supply abundant. Environmentalists cheered his action as a major boost to the up coming climate talks in Paris. They like the decision but not the […]
Categories: featured, General, p2
(Chris Ratcliffe/Bloomberg)

BP looks to sell Alabama petrochemical complex

BP said it is focusing more on world-scale, low-cost facilities that utilize BP proprietary technology.
(Jeff Kowalsky/Bloomberg News)

Marathon ups “final offer” for MarkWest, bringing deal to $1.28 billion

The move Tuesday comes just a week after Marathon offered a separate $400 million cash sweetener to the deal that has faced some investor resistance and tumbling stock values for both Marathon’s acquiring entity, the MPLX pipeline spinoff, and MarkWest. Former MarkWest CEO John Fox has rallied opposition against the deal.
A rig worker looks out across the North Sea aboard the Troll A natural gas platform, operated by Statoil ASA, in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg

Statoil to exit Arctic leases north of Alaska

Statoil’s announcement comes two months after Royal Dutch Shell announced it would abandon its $7 billion Arctic drilling efforts in a neighboring part of the Chukchi Sea north of Alaska, after drilling a dry hole.
FILE - In this March 29, 2013, file photo, workers tend to a well head during a hydraulic fracturing operation outside Rifle, in western Colorado.

Colorado regulators discuss rules meant to ease oil, gas conflicts

AP) — A hearing on proposed rules for oil and gas drilling in Colorado got off to a contentious start Monday, with critics saying the guidelines were too narrow to do any good or that they didn’t protect property rights.